Alvarez & Marsal Advises on $9 Billion UK Restructuring for New Fortress Energy

Alvarez & Marsal (A&M), a global professional services firm, acted as financial advisor to New Fortress Energy (NFE) on a significant debt restructuring that has received sanction from the English High Court.

The High Court of England and Wales sanctioned two inter-conditional Restructuring Plans under Part 26A of the Companies Act in June 2026. These plans will restructure more than $9 billion of debt held by the US-listed energy infrastructure group. The proposed restructuring received overwhelming support, with 99% of creditors voting in favour, making it the largest consensual restructuring achieved under Part 26A to date.

A&M has been advising NFE since October 2025, providing support across restructuring advice, contingency planning, liquidity monitoring, tax, and project management. The firm's independent experts also provided evidence to the court regarding the company's valuation and the restructuring surplus.

Under the approved plans, creditors will exchange their debt for a combination of equity and new debt. The group will be separated into a private entity, "BrazilCo," and a public entity, "New NFE." The restructuring is expected to become fully effective by the end of June, pending Chapter 15 recognition proceedings in the United States.

James Holley, a Managing Director at A&M involved in the engagement, noted that the UK Restructuring Plan offers a strategically advantageous forum for international restructurings due to its rigorous, commercially pragmatic court process and ability to bind dissenting creditors.